Pensionfund Sabic continued to hold its position in shares of Vmware, Inc. (NYSE:VMW) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 16,600 shares of the virtualization software provider’s stock at the end of the second quarter. Pensionfund Sabic’s holdings in Vmware were worth $1,451,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in VMW. Advantage Investment Management LLC purchased a new position in shares of Vmware during the first quarter valued at about $139,000. Financial Architects Inc bought a new stake in Vmware during the first quarter valued at approximately $140,000. Oppenheimer Asset Management Inc. bought a new stake in Vmware during the first quarter valued at approximately $141,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in Vmware by 34.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,887 shares of the virtualization software provider’s stock valued at $149,000 after buying an additional 483 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Vmware by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,840 shares of the virtualization software provider’s stock valued at $169,000 after buying an additional 160 shares in the last quarter. 21.87% of the stock is owned by institutional investors.
Shares of Vmware, Inc. (NYSE:VMW) traded up 0.33% on Friday, hitting $92.30. 1,126,532 shares of the stock were exchanged. The company has a 50-day moving average price of $89.48 and a 200 day moving average price of $90.49. Vmware, Inc. has a 12 month low of $69.86 and a 12 month high of $98.00. The company has a market cap of $37.70 billion, a PE ratio of 33.23 and a beta of 0.76.
Vmware (NYSE:VMW) last released its earnings results on Thursday, June 1st. The virtualization software provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.04. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.71 billion. Vmware had a net margin of 17.36% and a return on equity of 17.19%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. Equities analysts forecast that Vmware, Inc. will post $4.93 EPS for the current fiscal year.
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Several equities research analysts recently commented on VMW shares. BTIG Research started coverage on shares of Vmware in a research report on Monday, April 17th. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Vmware from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Monday, April 3rd. Cowen and Company boosted their price objective on shares of Vmware from $92.00 to $98.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. Royal Bank Of Canada boosted their price objective on shares of Vmware from $97.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 31st. Finally, Deutsche Bank AG boosted their price objective on shares of Vmware from $85.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, April 11th. Seventeen investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Vmware currently has a consensus rating of “Buy” and an average target price of $97.81.
In related news, COO Rajiv Ramaswami sold 20,457 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $87.84, for a total transaction of $1,796,942.88. Following the sale, the chief operating officer now directly owns 313,721 shares of the company’s stock, valued at approximately $27,557,252.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Egon Durban sold 666,354 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $89.14, for a total transaction of $59,398,795.56. The disclosure for this sale can be found here. Insiders sold a total of 698,048 shares of company stock worth $62,259,433 over the last ninety days. Insiders own 0.52% of the company’s stock.
Vmware Company Profile
VMware, Inc is an information technology (IT) company. The Company is engaged in development and application of virtualization technologies with x86 server-based computing, separating application software from the underlying hardware. The Company offers various products, which allow organizations to manage IT resources across private clouds and multi-cloud, multi-device environments by leveraging synergies across three product categories: Software-Defined Data Center (SDDC), Hybrid Cloud Computing and End-User Computing (EUC).
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